
CHICAGO, May 31, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "MightyMo".
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Google Wallet - Away We Go
Dendreon (Nasdaq: DNDN), one of our long standing core stocks, continues its advance. If you haven't already bought in, one might consider buying before the explosive breakout. DNDN, up to over 41 intra-day, was around 33 just a few days ago. It's not done moving.
The super catalyst of CMS approval, basically a done deal and just a formality signature, is scheduled for June. DNDN already approved for increasing production and adding new plants. The demand is there, more supply will be coming as this company becomes a billion dollar business. DNDN was 2 bucks a share back in Mar 2009. It will be absolutely no surprise if it hits 50 this summer.
We expect it to ejaculate up and hit triple digits in price in the coming years. Expect the shorts to get totally squeezed later this year. This is the stock that will let me retire in joy.
FirstEnergy (NYSE: FE), a best buy dividend stock, continues to remain in it's upward gap and pays 5% yield. How sweet!
And enjoy with a little Craft Brewers Alliance (Nasdaq: HOOK) take a brew, relax, and count your profits.
Johnson & Johnson (NYSE: JNJ) This stock is jumping. Did you get in when I recommended it a few days ago when it was a point less than it is now. Three major analyst upgrades in the last three days. Showing excellent strength as this stock just went ex-div and stocks usually drop in price just after than happens. Not here. Winner winner chicken dinner.
Google (Nasdaq: GOOG) unveiled its tap-to-pay technology in New York on a smartphone. Called GOOGLE WALLET. The beginning of a new way to pay; ambitious initiative and has the potential to change the world.
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